Scam Warning

Warning About BestWallet and Potential Crypto Scams

Introduction

The world of cryptocurrencies offers tremendous opportunities but also significant risks, particularly from fraudulent projects such as so-called "rug pulls." BestWallet, a non-custodial crypto wallet that promotes anonymity and user-friendliness without KYC verification, is at the center of controversies. Numerous users accuse BestWallet of promoting token presales that lose significant value after launch and exhibit characteristics of scam projects. This article examines the connections between BestWallet and tokens such as Solaxy, MindOfPepe, SnorterToken, BTCBull, BitcoinHyper, MemeIndex, SUBBD, and PepeUnchained, analyzes the evidence for scam suspicions, and provides recommendations for investors.

Connections Between BestWallet and the Tokens

BestWallet as a Platform for Presales

BestWallet actively promotes token presales through its app and social media, particularly via its X account (@BestWalletHQ). Examples include:

• Solaxy ($SOLX): BestWallet enables claiming $SOLX tokens directly in the app and via the official website (Solaxy). The presale raised over 58 million USD, but the token price fell to 0.0007518 USD after launch, approximately 59% below its all-time high of 0.001839 USD (CoinGecko).
• MindOfPepe ($MIND): Users are instructed to connect their BestWallet to purchase $MIND tokens. The presale price ranged between 0.0031 and 0.0038 USD, but the current price is only 0.0005584 USD, a decline of approximately 80% (CoinMarketCap).
• SnorterToken ($SNORT): The presale is accessible via BestWallet, and the website uses Web3Toolkit technology for transactions (SnorterToken).
• BTCBull ($BTCBULL): BestWallet is required to receive airdrops, and the token can be purchased directly in the app (ICOBench).
• BitcoinHyper: Similar to the other tokens, the presale is promoted via BestWallet (BitcoinHyper).
• MemeIndex, SUBBD, PepeUnchained: These tokens follow a similar pattern, with BestWallet serving as the primary platform for purchase.

These connections demonstrate that BestWallet plays a central role in promoting and selling these tokens.

Similar Web Templates and Issuers

The websites of the examined tokens (MemeIndex, BTCBull, BitcoinHyper, SnorterToken, SUBBD, Solaxy, MindOfPepe, PepeUnchained) use nearly identical web templates based on the Angular framework. Recurring components include:

• : Contains the navigation bar with links such as “STAKING,” “ABOUT,” “HOW TO BUY.”
• : Displays prominent presale widgets or promotional content.
• : A hallmark of Angular’s routing system, enabling dynamic views.
• ng--classes: Dynamically generated classes like ng-host-ng-cXXXXX and ngcontent-ng-cXXXXX, typical for Angular’s component scoping.

The similarity of the web codes, as visible in the provided images (see Appendix), suggests that these websites may have been created by the same group or using the same templates. Additionally, the issuers of these tokens are registered in the British Virgin Islands, often with similar company numbers and addresses:

The similar addresses, particularly Quijano Chambers, and the proximity of the company numbers suggest a possible connection between these projects, reinforcing suspicions of a coordinated operation. The fact that BitcoinHyper is listed as “under Incorporation” without a company number raises additional questions about transparency.

Non-Custodial Wallet and Registered Company

BestWallet is promoted as a non-custodial wallet, meaning users have full control over their private keys and thus their funds. There is no contradiction in a registered company operating a non-custodial wallet, as the company merely provides the software while users manage their keys. Nevertheless, negative user experiences and the connection to questionable presales raise doubts about BestWallet’s trustworthiness.

Evidence of Scam Suspicions

Price Losses After Presale

A recurring pattern among the tokens promoted by BestWallet is significant value loss after the presale. Tokens that have already been launched show similar trends, while others are still in the presale phase:

• MindOfPepe: The presale price ranged between 0.0031 and 0.0038 USD, but the current market price is 0.0005584 USD, a decline of approximately 80% (CoinMarketCap).
• Solaxy: The presale started at 0.001 USD, reached an all-time high of 0.001839 USD, but has fallen to 0.0007518 USD, a decline of 59% (CoinGecko).
• MemeIndex: Already launched, it shows similar price losses after the presale, with reports of a decline of approximately 70% since launch (CoinGecko).
• PepeUnchained: Also launched, the token has lost approximately 65% of its value after the presale, with limited trading volume on DEX (CoinMarketCap).
• SnorterToken, BTCBull, BitcoinHyper, SUBBD: These tokens are, as of the creation of this article (June 28, 2025), still in the presale phase. However, we can assume the same pattern for these presales.

These price losses suggest that the projects may have been overvalued or that the initiators sold the tokens after launch, known as a “pump and dump.” Users have also reported that large wallets, possibly linked to the project initiators or BestWallet, dump tokens after launch, further depressing the price.

User Complaints

Users have voiced numerous complaints about BestWallet and the promoted tokens on platforms like Trustpilot and Reddit:

• A Trustpilot user described BestWallet as a “scam wallet,” as the promoted meme coins often lost 90% of their value, and the creators sold the tokens before retail investors (Trustpilot). BestWallet has a TrustScore of 2 out of 5 based on 863 reviews, with many users reporting missing funds and inadequate support.
• A Reddit user reported that after logging back into the BestWallet app, their balance was reset to zero, and no imported wallets were displayed anymore (Reddit).
• For Solaxy, users reported that they did not receive tokens after purchase or that their wallets were drained, with the support allegedly attempting to obtain private keys (Reddit).

These complaints indicate serious issues with the reliability of BestWallet and the promoted projects.

Lack of Transparency

The teams behind these tokens are completely anonymous, and there is little to no reliable information about their projects or experience:

• SnorterToken: The team is unknown (CryptoNews).
• MindOfPepe: Although the project is promoted as an AI-driven meme coin, details about the actual functionality of the AI agent are lacking (CoinSniper).
• Solaxy: Despite claims of being the first Layer-2 solution for Solana, there are mixed reports about its legitimacy, including warnings of potential scams (MataUangKripto). The whitepaper is only a few pages long and offers little technical detail (Bittime).
• PepeUnchained: No issuer information in the whitepaper, further reducing transparency.

The anonymity of the teams and the lack of detailed roadmaps or technical documentation are classic red flags for potential scam projects.

Liquidity and Rug-Pull Suspicions

Some tokens, such as Solaxy, have provided liquidity on decentralized exchanges like Uniswap, with a liquidity pool of approximately 1.2 to 1.5 million USD, which is locked to prevent rug pulls (GeckoTerminal). However, this is only a small portion of the 58 million USD raised in the presale, raising questions about how the remaining funds were used. For other tokens, such as MindOfPepe, there is less information about liquidity, increasing the risk of scams. Users have reported that presale funds did not flow into liquidity and that tokens are often listed only on DEX with low liquidity, making selling difficult.

Analysis of BestWallet’s Role

BestWallet appears to play a central role in promoting these tokens by listing them in its app under “Upcoming Tokens” and encouraging users to buy through the wallet. However, the wallet itself is also criticized:

• High Fees: Users report exorbitantly high gas fees compared to other wallets like MetaMask or Trust Wallet.
• Poor Functionality: Issues such as funds disappearing after logging back in, missing tokens after presale, and inadequate customer support have been frequently mentioned.
• Misleading Name: The name “BestWallet” may have been deliberately chosen to deceive inexperienced investors by suggesting trust that is not justified by actual performance. Users have referred to the wallet as “Worst Wallet” due to its poor user experience (Trustpilot).

The connection between BestWallet and these tokens, combined with negative user experiences, suggests that the platform may profit from the presales while investors suffer losses. There are also speculations that BestWallet may receive tokens for promotion, which are then dumped after launch, potentially explaining the price collapse.

Recommendations for Investors

Given the evidence, investors should take the following precautions:

1. Thorough Research (DYOR): Verify a project’s legitimacy by looking for transparent teams, detailed whitepapers, independent audits, and verifiable progress.
2. Avoid Hype: Be skeptical of projects promising high returns or exclusive benefits, especially if promoted by platforms like BestWallet.
3. Secure Wallets: Use established wallets like MetaMask or Coinbase Wallet, which have a better track record and fewer complaints.
4. Check Liquidity: Ensure a project provides sufficient locked liquidity on trusted exchanges to minimize the risk of a rug pull.
5. Caution with Presales: Invest only in presales with clear roadmaps, verifiable progress, and transparent teams. Avoid projects with anonymous developers or vague whitepapers.

Conclusion

The investigation suggests that BestWallet is involved in a series of token presales that exhibit characteristics of scam projects. The combination of significant price losses, anonymous teams, similar web templates, similar issuer addresses, and negative user experiences points to a high risk for investors. While some tokens like Solaxy have taken measures such as locked liquidity, the overall picture remains concerning. The repeated patterns of price losses and lack of transparency, coupled with the issues with BestWallet itself, make it a risky platform for investments. Investors should exercise extreme caution and conduct thorough research before investing in projects associated with BestWallet.

Buy #RUGME

If you’ve fallen victim to one of these rug pulls, I encourage you to buy #RUGME and a corresponding NFT so that the memory of these events can be preserved for you and others.

• Buy #RUGME on Pump.fun

Appendix: Images

The following images were provided by the user and show the issuer information and web code snippets of the mentioned token websites, which demonstrate the similarities in the web templates and the common registration location of the issuers. These are screenshots from the web code and whitepapers:

**Important** In Conclusion, Ask Yourself:

How likely is it that all tokens promoted by BestWallet use identical templates and are registered at the same location – with the exception of SnorterToken, which is registered at Intershore Chambers instead of Quijano Chambers? Or with PepeUnchained, completely unclear!

Key Citations

• Bestwallet Reviews | Read Customer Service Reviews of bestwallet.com
• Mind of Pepe price today, MIND to USD live price, marketcap and chart
• Solaxy Price: SOLX Live Price Chart, Market Cap & News Today
• r/CryptoScams on Reddit: Is bestwallet huge scam?
• Is Snorter Token a Scam or Legit?
• Solaxy (SOLX/WETH) Price on Uniswap V3
• r/CoinBase on Reddit: Is Solaxy($SOLX) a good investment or scam?
• Presale Review: Is Solaxy Token (SOLX) Legit or Scam?
• Is Solaxy A Presale Scam? All You Need To Know About $SOLX
• Solaxy ($SOLX) Project & Token Analysis | Rating, Review & Stats
• Solaxy Reviews | Read Customer Service Reviews of solaxy.io
• Mind of Pepe Price: MIND Live Price Chart, Market Cap & News Today
• Mind of Pepe Price, MIND Price, Live Charts, and Marketcap
• MIND of Pepe ($MIND) Price Prediction 2025 - 2030
• Mind of Pepe (MIND) - CoinSniper

Scam Suspects

• Solaxy Token: SOLX fist Solana Layer 2 Chain
• MIND of Pepe Crypto Presale | Evolving AI Agent Meme Coin
• Snorter Token Crypto Trading Bot
• Memex Token, Decentralized Index
• The Pepe Unchained Layer 2 Ecosystem
• $SUBBD Token. The No.1 AI Agent Creator Platform
• BTC Bull Token: Bitcoin’s Best Crypto Presale
• THE FIRST BITCOIN LAYER 2 CHAIN

Promoting Scam Tokens

• Best Wallet: Anonymous Bitcoin Wallet